$650-Million Fund Will Create the Next Generation of Green Technologies
and Good, High Paying Jobs
OSHAWA, ON, June 19 /CNW/ - A new $650-million fund will secure the next
generation of high-paying jobs for Ontarians by developing clean and green
technologies and businesses right here in Ontario, says Premier Dalton
"There's a huge opportunity out there and Ontario is determined to seize
it for our people and our economy," McGuinty said.
"With the world looking for innovative ways to conserve energy and fight
global warming, some place is going to secure thousands of jobs by researching
and developing new solutions, and we want that place to be Ontario."
Premier McGuinty unveiled the Next Generation Jobs Fund, which will make
$650 million available to companies looking to invest in the development of
clean cars, clean fuels, and clean technologies and products here in Ontario.
To bid for financial support from the fund, companies will have to
demonstrate they can:
- Secure good jobs for Ontarians
- Reduce greenhouse gas emissions
- Help establish Ontario as a global leader in an emerging market
- Build on existing expertise in areas in which Ontario has a strong
research and commercial base or create new expertise, and
- Create synergies among researchers, business people and
The fund will be modeled after the successful $500 million Ontario
Automotive Strategy which has helped to leverage over $7 billion in total new
auto investments in the province over the past four years.
"The approach is tried and true: we know we can attract investment and
create and keep good full-time jobs by working with companies that are looking
for the most aggressive and innovative places in North America," McGuinty
"What's new is designing a fund specifically to develop and manufacture
green technologies and products across all sectors. There are people out there
who claim you have to choose between a strong economy and a clean environment.
We understand that, in today's world, to grow your economy you must green your
"The ability to innovate is key to Ontario's economic prosperity," said
Sandra Pupatello, Minister of Economic Development and Trade. "The McGuinty
government is committed to helping the province's industries make
high-quality, environmentally-sensitive products for their customers and the
next generation of highly skilled jobs for their employees."
"What's good for business must also be good for the environment," said
Bill White, President of DuPont Canada. "DuPont's Research and Development
Centre in demonstrates how businesses offer quality jobs in the development of
new green technology - such as biofuels and polymers made with corn and other
renewable resources - that lead to quality jobs with our Canadian and global
"We see the government's challenge of developing even more leading-edge,
efficient and low emission vehicles as a great opportunity for our industry,"
said Arturo Elias, President of GM Canada. "This is the kind of positive
partnership that can accelerate green vehicle technologies while also helping
to ensure we remain at the forefront of competitive jurisdictions to invest,
employ and grow for the future."
"This fund is a sign that the McGuinty government is serious about
attracting and retaining manufacturing jobs in Ontario," said Buzz Hargrove,
National President of the Canadian Auto Workers Union. "It is also a blueprint
for how governments can work with business and labour to make sure our
high-skilled workforce stays in the province for years to come."
"We have industries that are among the most productive and innovative in
the world, scientists who are among the best and brightest and workers who
have the best skills and knowledge on the continent," said Premier McGuinty.
"The world is looking for solutions. Ontario has the people and the know-how
to deliver them. And this fund will help make it happen, creating jobs and
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For further information:
For further information: Premier's Media Office, (416) 314-8975